Is this the worst the job market has been in recent years? It seems like most agencies have a hiring freeze right now.

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Seems like the new status quo, tbh. The industry is shrinking and will continue to shrink for a while. There may be a temporary improvement if the tariff tensions get resolved, but I don’t see prospects trending any direction but downwards for the next 10 years. If you’re not busy working, you should be working on your back-up plan. I’m trying to squeeze another 6 or 7 years out of this business and then I am switching things up permanently.

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I’ve been hearing horror stories coming out of NYC as well, even their freelance market is drying up, and seems like roles are shrinking

I was laid off in 2023 after 3 years of working full-time. From late 2023-2024, I was out of work for 14 months, aside for 14 hours of freelance work I billed for. I finally secured a 1-year contract. It's pretty bad out there.

As someone else mentioned, the industry is shrinking. Less work to go around causing people to fight over scraps. Work on an exit plan if you can.

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Any suggestions for exit plan?

🔥This is fine. Everything is fine.🔥

likesmart

Yuuuuup. And that was before the current uncertainty/volatile state of the global economy 😵‍💫

If y'all are thinking about going in house as an exit strategy I can assure you the market is just as bad

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